H.R. 2392: STABLE Act of 2025
Sponsor
Bryan Steil
Republican · WI-1
Bill Progress
Latest Action · May 6, 2025
Placed on House floor schedule, Calendar No. 68.
What Congress Is Saying
H.R. 2392 hasn't been debated on the floor yet.
This section updates when a legislator speaks about it on the floor or in committee.
HR2392 Legislative Journey
House: Committee Action
May 6, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-94.
House: Vote: 32-17
Apr 2, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 17.
House: Committee Action
Mar 26, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
Bryan Steil
Republican, Wisconsin's 1st congressional district · 7 years in Congress
Committees: Joint Committee on Printing, Joint Committee of Congress on the Library, House Administration
View full profile →
Cosponsors (17)
This bill has 17 cosponsors: 4 Democrats, 13 Republicans, reflecting bipartisan support. Cosponsors represent 14 states: Arkansas, California, Florida, and 11 more.
J. Hill
Republican · AR
Ritchie Torres
Democrat · NY
Tom Emmer
Republican · MN
Bill Huizenga
Republican · MI
Daniel Meuser
Republican · PA
Young Kim
Republican · CA
Tim Moore
Republican · NC
Troy Downing
Republican · MT
Mike Haridopolos
Republican · FL
Josh Gottheimer
Democrat · NJ
Sam Liccardo
Democrat · CA
William Timmons
Republican · SC
Committee Sponsors
Financial Services Committee
16 of 54 committee members cosponsored
17 Republicans across this committee haven't cosponsored yet. Mobilize their constituents
What laws does H.R. 2392 change?
3 changes
Sections Amended
Section 3 of Federal Deposit Insurance Act (12 U.S.C. 1813). SEC. 15. AMENDMENTS TO CLARIFY THAT PAYMENT STABLECOINS ARE NOT SECURITIES. (a) Investment Advisers Act of 1940.--Section 202(a)(18) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2(a)(18))
adding at the end the following: ``The term `security' does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025
Section 2 of STABLE Act of 2025.''. (c) Securities Act of 1933.--Section 2(a)(1) of the Securities Act of 1933 (15 U.S.C. 77b(a)(1))
adding at the end the following: ``The term `security' does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025
Section 2 of STABLE Act of 2025.''. (e) Securities Investor Protection Act of 1970.--Section 16(14) of the Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(14))
adding at the end the following: ``The term `security' does not include a payment stablecoin issued by a permitted payment stablecoin issuer, as such terms are defined, respectively, in section 2 of the STABLE Act of 2025
H.R. 2392 Quick Facts
- Committee
- Financial Services
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- Mar 26, 2025
Placed on House floor schedule, Calendar No. 68.
May 6, 2025
Full Bill Text
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